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Pros

Pro

Can automatically organize apps into folder

Hola organizes apps in folders such as Media, Education, Themes that are then accessible from the homescreen. If something gets miscategorized it can be fixed manually. Once one of the folders is open it's possible to swipe horizontally to switch between folders. All apps are also available from the app drawer where they are organized alphabetically.

Pro

Lightweight and small

Hola weighs just 2.3MB and does not use a lot of system resources.

Pro

Cute themes

There are so many ways to customize the home screen. And they're user created as well. There's so much variety

Pro

Works with Android Gingerbread

Hola is one of the rare modern launchers that works with Android 2.3 and later.

Cons

Con

In app spam

Hola Launcher has a tendency to spam users with notifications to use some of the other products offered by the developer which can get annoying over time.